Glenmede Trust Co. NA Raises Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Glenmede Trust Co. NA raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 4.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,999 shares of the technology company’s stock after purchasing an additional 354 shares during the quarter. Glenmede Trust Co. NA’s holdings in OSI Systems were worth $1,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $40,000. Innealta Capital LLC purchased a new stake in OSI Systems in the second quarter valued at approximately $82,000. International Assets Investment Management LLC lifted its stake in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after purchasing an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of OSI Systems during the second quarter worth $160,000. Finally, nVerses Capital LLC acquired a new stake in shares of OSI Systems in the third quarter valued at $182,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. B. Riley raised their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America started coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. Finally, Roth Mkm upped their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Insider Activity at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. This represents a 46.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Deepak Chopra sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. The trade was a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock valued at $6,071,809 over the last three months. 5.20% of the stock is owned by corporate insiders.

OSI Systems Price Performance

Shares of OSIS opened at $179.71 on Tuesday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.53 and a beta of 1.10. The firm’s fifty day simple moving average is $149.59 and its 200-day simple moving average is $144.61. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $180.23. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Equities analysts forecast that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

OSI Systems Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.